You may be wondering if adding or replacing defective solar panels for your water boiler is a worthwhile investment.
Budget is tight, replacing the panels is costly, let's cap them off and forget about it. Well, in the long run that may be a terrible decision. Let's look at the numbers. Most water boilers have a 2.5KwH heating element. At today's rate that amounts to roughly NIS 1.375 an hour. For larger families that run the boiler for two hours a day, seven days a week, the cost per year is over a thousand shekels! Within two-three years this family would be seeing a full return on their investment. How many investments see that type of return?
8 Comments
Casriel
3/1/2014 03:22:18 am
OK Yaacov, you convinced us. we would like to install new panel(s) before Pesach. Can you get back to us with your best estimate?
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5/3/2014 03:42:31 am
Well ! What I feel is that, it is up to you what you think of investment. If you can use the invested money properly then it is all fine.
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28/4/2014 02:46:41 am
Investment means to get money in double amount it's possible but lot's pron's & corn's you take care always .you have given good tips
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